KeyCorp Raises Rubrik (NYSE:RBRK) Price Target to $48.00

Rubrik (NYSE:RBRK) had its target price raised by KeyCorp from $46.00 to $48.00 in a research report sent to investors on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on RBRK. Wells Fargo & Company initiated coverage on Rubrik in a report on Monday, May 20th. They set an overweight rating and a $42.00 price objective on the stock. Cibc World Mkts upgraded Rubrik to a strong-buy rating in a report on Tuesday, May 21st. BMO Capital Markets upgraded Rubrik from a market perform rating to an outperform rating and set a $40.00 price objective on the stock in a report on Thursday, June 6th. Wedbush initiated coverage on Rubrik in a report on Monday, May 20th. They set an outperform rating and a $50.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on Rubrik in a report on Monday, May 20th. They set a buy rating and a $48.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $45.57.

Rubrik Stock Up 4.5 %

Shares of RBRK opened at $32.50 on Wednesday. Rubrik has a 1 year low of $29.24 and a 1 year high of $40.00.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.